7th Edition
Professor Michael Todaro
2000 816 pages (est.)
0201-64858-X (Paperback)
The most current economic
development text on the market, this engaging text includes extensive country-specific
examples and up-to-date information. Todaro's broad experience and the text's
social-political framework make Economic Development accessible even to those with
little economic background. With his unique problem- and policy-oriented approach, Michael
Todaro uses models
and concepts to illustrate real-world development problems. For the Seventh Edition, all
chapters have been revised to incorporate the latest data and research. Particular
attention is given to economic dislocations throughout Asia, and in Russia and Brazil.
Updated Country Case Studies and Comparative Case Studies allow students to apply concepts
to various developing nations. In addition,
a new Country Case Study on Indonesia highlights this country's significance in the Asian
economic crisis.
> The text provides students with the necessary technical coverage
while maintaining its accessibility and engaging style.
> To better reflect the continuity of human resource issues, Part
II, "Problems and Policies: Domestic," has been reorganized so that chapters on
population, unemployment, urbanization, and education are now presented in succession.
> The chapter on trade policy has an expanded analysis of the
growth of regional trading blocs and the rapid increase in intraregional trade.
> The chapter on poverty (5) now includes a discussion of the UNDP's new Human Poverty
Index as well as analysis of other recent research.
> Hallmark Country and Comparative Case Studies have all been revised and updated.
> End-of-chapter Country Case Studies are tied more closely to chapter content and
contain updated sets of economic and social indicators.
> A new Web site offers Internet exercises based on the text's Country Case Studies,
multiple-choice quizzes, and a PowerPoint presentation.
PART: PRINCIPLES AND
CONCEPTS.
1. Economics, Institutions, and Development: A Global Perspective.
2. Diverse Structures and Common Characteristics of Developing Nations.
3. Theories of Development: A Comparative Analysis.
4. Historic Growth and Contemporary Development: Lessons and Controversies.
PART II: PROBLEMS AND POLICIES: DOMESTIC.
5. Growth, Poverty, and Income Distribution.
6. Population Growth and Economic Development: Causes, Consequences, and Controversies.
7. Unemployment: Issues, Dimensions, and Analyses.
8. Urbanization and Rural-Urban Migration: Theory and Policy.
9. Education and Development.
10. Agricultural Transformation and Rural Development.
11. The Environment and Development.
PART III: PROBLEMS AND POLICIES: INTERNATIONAL.
12. Trade Theory and Development Experience.
13. The Trade Policy Debate: Export Promotion, Import Substitution, and Economic
Integration.
14. Balance of Payments, Third World Debt, and the Macroeconomic Stabilization
Controversy.
15. Foreign Finance, Investment, and Aid: Controversies and Opportunities.
PART IV: POSSIBILITIES AND PROSPECTS.
16. Planning, Markets, and the Role of the State.
17. Financial Reform and Fiscal Policy.
18. Critical Issues for the Twenty-first Century: Globalization, the Environment, Economic
Transition, Africa, and International Economic Reform.
